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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash flows from operating activities:    
Net income $ 2,792 $ 3,485
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 3,943 3,509
Deferred income taxes (135) (1,394)
Stock-based compensation 235 407
Net change in unrealized gains and losses on investments 109 721
Net change in accrued interest, premiums, and discounts on investments (5) (77)
Adjustments to reconcile net income loss to cash provided by used in operating activities 6,939 6,651
Changes in operating assets and liabilities:    
Accounts receivable (2,087) 4,527
Inventories 7,307 (9,300)
Prepaid expenses 345 979
Other non-current assets 192 382
Accounts payable and accrued liabilities (1,504) 167
Accrued income and other taxes 1,034 984
Other non-current liabilities (728) (62)
Cash flows from operating activities 11,498 4,328
Cash flows from investing activities:    
Property, plant and equipment additions (3,175) (7,543)
Purchase of investments (3,608) (4,160)
Proceeds from sale of investments 228 52
Proceeds from maturities of investments 2,519 11,574
Cash flows from investing activities (4,036) (77)
Cash flows from financing activities:    
Purchase of treasury stock 0 (613)
Shares tendered for employees' withholding taxes on stock-based compensation (20) (22)
Dividends paid (3,872) (3,784)
Cash flows from financing activities (3,892) (4,419)
Net change in cash and cash equivalents 3,570 (168)
Cash and cash equivalents at beginning of period 3,565 4,731
Cash and cash equivalents at end of period 7,135 4,563
Cash paid for:    
Income taxes $ 11 $ 146